Gama Aviation PLC Completion of the Sale of 20% share in associate (2547X)
04 Enero 2022 - 1:00AM
UK Regulatory
TIDMGMAA
RNS Number : 2547X
Gama Aviation PLC
04 January 2022
Date: 4(th) January 2022
Gama Aviation Plc (AIM: GMAA)
("Gama Aviation" or the "Company" or "Group")
Completion of the Sale of 20% share in associate
Gama Aviation, the global business aviation service provider,
today announces that it has now secured the necessary consents and
approvals to proceed with the sale of its 20% holding in the issued
share capital of China Aircraft Services Limited ("CASL") as set
out in the Company's announcement of the 24(th) November 2021.
Accordingly, the Company received the US$2.0m cash consideration
in full on the 31(st) December 2021 thus bringing the sale
transaction to completion.
END
Gama Aviation Plc +44 (0) 1252 553 029
Marwan Khalek, Chief Executive
Daniel Ruback, Chief Financial Officer
Camarco +44 (0) 20 3757 4992
Ginny Pulbrook
Geoffrey Pelham-Lane
WH Ireland +44 (0) 207 220 1666
James Joyce
Ben Good
Gama Aviation - Notes to Editors
Founded in 1983 with the simple purpose of providing aviation
services that equip its customers with decisive advantage, Gama
Aviation Plc (LSE AIM: GMAA) is a highly valued global partner to
blue chip corporations, government agencies, healthcare trusts and
private individuals.
The Group has three global divisions: Business Aviation
(Aircraft Management, Charter, FBO & Maintenance), Special
Mission (Air Ambulance & Rescue, National Security &
Policing, Infrastructure & Survey, Energy & Offshore); and
Technology & Outsourcing (Flight Operations, FBO, CAM software,
Flight Planning, CAM & ARC services)
More details can be found at: http://www.gamaaviation.com/
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END
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(END) Dow Jones Newswires
January 04, 2022 02:00 ET (07:00 GMT)
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